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The accounts of Melissa Manufacturing showed the following balances at the beginning of December: Account Debit Raw Materials Inventory $55,000 Work-in-Process Inventory 81,000 Finished Goods
The accounts of Melissa Manufacturing showed the following balances at the beginning of December: Account Debit Raw Materials Inventory $55,000 Work-in-Process Inventory 81,000 Finished Goods Inventory 38,000 Manufacturing Overhead 17,000 The following transactions took place during the month: December 2: Issued direct materials $37,000 and indirect materials $4000 to production. December 15: Incurred $6000 and $5000 toward factory's direct labor cost and indirect labor cost, respectively. What should be the balance in the Work-in-Process Inventory following these transactions? $75,000 $124,000 $87,000 $86,000
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